Do government employees such as postal workers get excellent pensions and health benefts when they retire?
There are two types of pensions for postal workers. They all use to be on Civil Service Pensions (regular check for life) but since the early 80's they went to a 401K type pension (cash balance) and into the Social Security system. Health benefits are carried over into retirement as long as you were "in the system" of medical benefits for the last 5 years of employment. You do have to pay your share of monthly premiums. Postal workers don't have dental insurance (its lousy).
Not really. Better than a low end McDonald's employee but not the greatest. More than likely they will need to supplement that retirement with something else. Investments, another job, etc.
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